NEW YORK--(BUSINESS WIRE)--White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as sole lender and administrative agent of a senior credit facility to Community Dental Partners (“CDP”). CDP is a specialty dental support organization (“DSO”) focused on pediatric dental practices and is a portfolio company of Boathouse Capital (“Boathouse”).
“There is a very big need for specialty and specifically pediatric DSOs in the marketplace as they relieve specialists from administrative burdens freeing them to focus solely on the practice of medicine,” said Ross Eldridge, EVP and Chief Originations Officer at White Oak. “CDP is one of the largest clinically entrepreneurial focused DSO’s supporting dentists who treat underserved patients and geographies, providing a crucial resource to their patient base.”
Founded in 2010 and based in Denton, TX, Community Dental Partners is a dental support organization that supports more than 70 practices across Texas, Georgia, and Indiana.
“It was great to work with the team at White Oak given their deep experience in healthcare and dental,” said Andrew Olsen, Partner at Boathouse. “White Oak took the time to understand CDP’s business and appreciate the value and differentiation of the company’s platform.”
Emmet Scott, CEO of Community Dental Partners stated, “With the White Oak financing, CDP will meaningfully expand its footprint into more states, thereby providing resources and support to more clinicians serving patients in historically underserved communities through a platform built for a growing number of entrepreneurial dentists.”
About Community Dental Partners
Founded in 2010 and headquartered in Denton, Texas, Community Dental Partners is a dental support organization (DSO) led by a mixed team of dental and business professionals working together to solve the needs of today’s modern dental providers. CDP was designed for dentists by dentists who recognized the need to partner with responsible business experts. The DSO offers an entirely innovative service option for the dental industry as they partner with dentists so they can preserve, grow, and enjoy their practice even more than they do today. CDP’s unique model includes clinical and business guidance, technology, resources, and relationships that enable their clients to focus on their passion and delegate the areas of the business that don’t give them energy. They believe a perfected practice makes for a happy dentist. And a happy dentist makes for a better community.
About White Oak Healthcare Finance
White Oak Healthcare Finance, LLC (“WOHCF”), an affiliate of White Oak Global Advisors, LLC is a lender to all subsectors within the healthcare industry including healthcare services, pharma and life sciences, medical devices, healthcare technology, healthcare real estate, hospitals and SNFs. WOHCF has deep domain expertise with a sole focus on healthcare which enables it to provide flexible and creative solutions with certainty of execution. WOHCF offers a differentiated product set including cash flow term loans, asset based loans and ABL Stretch facilities, unitranche facilities, last out financings, real estate financings, equipment financings and opportunistic investments. As a lender with large pools of capital to deploy, WOHCF generally holds its full loan positions to maturity.
About White Oak Global Advisors
White Oak Global Advisors, LLC (“WOGA”) is a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Together with its financing affiliates, WOGA provides over twenty lending products to the market, including term, asset-based, and equipment loans, to all sectors of the economy. Since its inception in 2007, WOGA and its affiliates have deployed over $10 billion across its product lines, utilizing a disciplined investment process that focuses on delivering risk-adjusted investment returns to investors while establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.
About Boathouse Capital
Boathouse Capital (“Boathouse”) is a private equity firm based outside Philadelphia, Pennsylvania. Boathouse specializes in providing flexible capital for high-growth middle-market SaaS/software, technology-enabled services, and healthcare IT/services companies. The firm's sector-focused investment strategy is centered around partnering with management teams to create enduring value and position its companies for accelerated growth. More information can be found at www.boathousecapital.com.
